Orbit Exports to consider buyback

The board of Orbit Exports will meet on Monday to consider a buyback proposal of equity shares of the company. Investors would be keen to know the buyback size and the offer price. Shareholders would also like to know the mode of buyback — whether through open market purchase or via tender offer route. If the latter is preferred, then the record date would be a crucial factor. Besides, the management’s intention on whether to participate or not will also be eyed.